Was sat on the bus home from work thinking what a situation completely equal opportunities would lead to. A rather bad one.
Think about it. Those of you with children, what is the (main) thing that encouraged you to work harder, to go for those higher-income jobs? For yourself, partly, for your wife, partly as well. But I am hypothesising that providing the best possible start for your children is the main incentive.
..to provide them with the best schooling..a decent neighbourhood to grow up in..sports..clothes that at least aren't tatty..
Now, let's think for a moment that no matter how hard you try to work for your children's future, their "opportunities" are forced through some social policy to be equal. There would be no incentive to work more productively to provide for your kids future as any achievements you make in order to further their chances will be cancelled out by the social policies that would be implemented in order to have "equal opportunities" for all.
There would be less need to work hard. There would be less need to go for that income-boosting stressful job, as the incentives just to provide for yourself and your wife will not be as big as when the incentive included providing for your kids. Your productivity would fall. Consider this on a larger scale. Poor economic growth.
See where I am heading? Equal opportunities might sound a nice dream to aim for, but it's on a par with communism - sounds a good idea but clearly is not when examined beyond the spin and nice-sounding phrases.
Inequal opportunities are necessary for incentives - and as we all know, incentives are the driving force behind our market-based systems. And since inequal opportunities obviously exist, it's beneficial for our economy that they do.
Think about it. Those of you with children, what is the (main) thing that encouraged you to work harder, to go for those higher-income jobs? For yourself, partly, for your wife, partly as well. But I am hypothesising that providing the best possible start for your children is the main incentive.
..to provide them with the best schooling..a decent neighbourhood to grow up in..sports..clothes that at least aren't tatty..
Now, let's think for a moment that no matter how hard you try to work for your children's future, their "opportunities" are forced through some social policy to be equal. There would be no incentive to work more productively to provide for your kids future as any achievements you make in order to further their chances will be cancelled out by the social policies that would be implemented in order to have "equal opportunities" for all.
There would be less need to work hard. There would be less need to go for that income-boosting stressful job, as the incentives just to provide for yourself and your wife will not be as big as when the incentive included providing for your kids. Your productivity would fall. Consider this on a larger scale. Poor economic growth.
See where I am heading? Equal opportunities might sound a nice dream to aim for, but it's on a par with communism - sounds a good idea but clearly is not when examined beyond the spin and nice-sounding phrases.
Inequal opportunities are necessary for incentives - and as we all know, incentives are the driving force behind our market-based systems. And since inequal opportunities obviously exist, it's beneficial for our economy that they do.
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